Frasers Centrepoint Trust (SGX:J69U) (FCT) announced on Wednesday 23 December that it will be divesting Anchorpoint Shopping Centre for S$110 million. HSBC Institutional Trust Services (Singapore) Limited, in its capacity as trustee of FCT has entered into sale and purchase agreements with unrelated third parties in relation to the proposed sale of each of the two strata lots. The Sale Consideration of S$110.0 million is equivalent to the valuation of the Property as at 15 September 2020 and was negotiated on a willing-buyer-willing-seller basis. With net lettable area of approximately 6,616 square metres (71,213 square feet) over two retail levels (including one basement level) and an adjacent two-storey building, Anchorpoint Shopping Centre has a total of 51 tenants as at 30 September 2020. Key tenants include household retailer – Mr D.I.Y., fashion retailer – Cotton On, as well as Koufu food court, Xin Wang HK Café, Sakuraya Japanese restaurant, Uncle Leong Signatures seafood restaurant and Jack’s Place restaurant. The expected net proceeds from the divestment of the Property is approximately S$108.8 million, after taking into account divestment related expenses and